Sedric AI, a New York-based compliance AI platform for financial institutions, raised $18.5M in Series A funding.

Foundation Capital led the round with participation from Amex Ventures, bringing the total funding to $22M.

The funds will be used to enhance product development, transform compliance operations, and grow their lab in Tel Aviv, extending their global reach.

Guided by CEO Nir Laznik and Eyal Peleg, Sedric's platform utilizes a compliance-dedicated large language model (LLM) to manage risks comprehensively across integrated customer touchpoints.

With offices in New York and Tel Aviv, Sedric AI plans to expand its customer base in the U.S. and Europe.